The president took aim at the Federal Reserve, led by Jerome Powell whom he personally chose to lead the bank, after the Dow Jones Industrial Average fell 3%, or more than 800 points, in Wednesday trading - its worst drop in eight months.

Despite Wednesday's sell-off, the S&P 500 would still need to more than double its losses.

"I think the Fed is making a mistake".

They include the United States trade war with China and its potential impact on global growth, while rising bond yields have diverted attention from equities - stocks - which have been offering the most attractive returns for years because central bank stimulus had flooded markets with cheap money.

"My assumption for the policy rate is that we can achieve our objective of keeping inflation to the 2 percent symmetric objective and the unemployment rate slowly rising back towards its sustainable rate with that stance of funds rate - but if we need more, we'll do more", he said.

Samsung launches phones with quad, triple camerasBut will that be the reality? What do you think about the new Galaxy A9's price? You'd be forgiven for getting a bit confused. The Galaxy A9 (2018) might not be a flagship, but it keeps pace with its more powerful siblings in more than a few ways.

The Google Pixel 3 Has No Notch, But Google Wanted OneGboard, the keyboard built into your Pixel 3, will recommend GIFs, stickers and more, to make your conversations fun and engaging. AR Stickers have become Playground and both Avengers and Childish Gambino will be available and will even interact with you.

Investors are leaning into safer stocks with steady dividends - utilities and consumer staples - and pulling out of the higher-paying, higher-risk stocks as other guideposts of growth, like the communication sector, tumbled.

The Fed last raised interest rates in September and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of economic growth.

Powell's goal is to extend the second-longest USA economic expansion on record by moving interest rates up just quickly enough to prevent overheating, but not so rapidly that the central bank chokes off growth.

Concerns about US Federal Reserve interest rates are also worrying investors. "I just don't think it's necessary to go as fast".

"The fundamentals and future of the US economy remain incredibly strong", Sanders said in a statement.

Bourses in Paris and Frankfurt both lost more than two percent, while London fell 1.3 percent.

"I stood on the floor in the crash of '87, so this is nothing", Benedict said. In Paris, shares in Kering fell almost 10 percent, LVMH over seven percent and Hermes around five percent.

Related:

Fueled in part by above-average water temperatures in the Gulf of Mexico, the storm rapidly intensified at the start of this week. Residents of the neighboring state of Georgia should also expect to be heavily impacted by the storm, the FEMA head said.

In what may be a good sign for the Wolves, though, Wojnarowski reported via Twitter that Butler practiced with the team today. According to ESPN's Amin Elhassan , Butler even led the third-stringers to a victory against the starters during a scrimmage.

The storm hit roared ashore along the Florida Panhandle, between Tyndall Air Force Base and Mexico Beach , according to NASA . Last Thursday, forecasters were saying that what was then called Tropical Storm Michael " does not pose a threat to land ".

USA consumer price inflation is now above 2 percent annually and the unemployment rate is the lowest in about 40 years. The president said of the market losses, "Actually, it's a correction that we've been waiting for a long time".

Trump on Twitter on Tuesday said he was "very proud" of Kavanaugh and his family, and disparaged the anti-Kavanaugh protesters. None of the witnesses the women said would corroborate their claims did so, and Kavanaugh passionately denied the allegations.

They weren't included in Harry and Meghan's wedding so they're sure to be excited about the second royal wedding of the year . The Earl and Countess of Wessex's children, Lady Louise Windsor and Viscount Severn will be special attendants on the day.

CNBC earlier reported that the company was arranging a bankruptcy loan, known as debtor-in-possession financing. Shares of real estate investment trusts (REIT) exposed to Sears properties also fell Wednesday.

The Nasdaq composite, which has a high concentration of technology stocks, tumbled 244 points, or 3.2 percent, to 7,495. The Fed aims to raise rates to about 3 per cent. "I believe this selling is an overdone panic", Feinseth said.

Moore matched Tway's birdies at the first and second playoff holes, before succumbing at the third - the par-four 10th. Snedeker was eliminated at the first hole before Tway ended it with a birdie at the third extra hole.

Comments

Latest news

Selena Gomez receiving mental health treatment
The 26-year-old singer and actress is said to be seeking treatment after a rumored panic attack brought on by medical setbacks. Members of her family then drove her to Cedars-Sinai Medical Center in Los Angeles, before being released several days later.

AP Analysis: Missing writer shows Saudi Arabia's dark side
Khashoggi was once a Saudi newspaper editor and is a familiar face on political talk shows on Arab satellite television networks. The interview was conducted three days before Khashoggi's disappearance, when he was in London for a conference, the BBC said.

Saudi Arabia to let Turkey search its Istanbul consulate
Responding to Saudi claims that the cameras were not functioning on October 2, Erdoğan said this was not a logical explanation. Suspicions are mounting that Saudi's crown prince ordered the murder of Saudi journalist Jamal Khashoggi in Turkey.

British tourists among Majorca flood victims
More than 8 inches of rainfall fell in just a few hours on Tuesday morning, according to the Spanish weather company Aemet. After opening his academy to flood victims, Rafael Nadal volunteered to help clear homes of water and mud.